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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$84,947$84,947$324,900
Remaining term (yrs)19.419.430.0
Secondary amount$0$239,953$0
Funding fee$0$0$0
Note rate3.65%3.65%7.18%
Blended rate4.5%6.9%7.42%
1st payment$507.94$507.94$2,200.99
2nd payment$0.00$1,549.70$0.00
Taxes / mo$177.08$177.08$177.08
Insurance / mo$150.00$150.00$150.00
MI / mo$78.65$78.65$64.98
HOA / mo$0.00$0.00$0.00
Total monthly$913.67$2,463.37$2,593.05
Cash to close$276,053$36,100$36,100